Entries tagged "Reed Business Information"
Apollo Management LP has reportedly thrown itself into the auction for Reed Business Information as the U.S. buyout firm continues to rapidly increase its presence in Europe....
Reed Elsevier plc is hoping to top early estimates of $2 billion in the auction for its business magazines unit, Reed Business Information, to private equity firms. ...
Tight credit markets have so disrupted the nearly $2 billion auction for Reed Business Information that seller Reed Elsevier plc is now offering part of the financing itself to attract private equity buyers. ...
"With its information memorandum finally set for release this week, Reed Business Information promises to give media M&A a highly anticipated reality check. But the word is RBI's Anglo-Dutch parent, Reed Elsevier Group plc, is already making concessions to sell the business segment it previously believed would sell itself," so began a June 9 column from The Deal's Richard Morgan. ...
It looks as if the auction for Reed Business Information just won't go according to plan as interest from private equity firms remains scant for the business publishing arm of Reed Elsevier. Now paidContent is reporting that the parent company has changed its mind on how to sell the unit....
Here are the rumors and news for the day. As J.P. Morgan Chase & Co. raises its bid for Bear Stearns Cos. to $10 a share, it may also be terminating 7,000 employees (Silicon Alley Insider), and SEC Chairman Christopher Cox says the Bear sale indicates a "lack of confidence" (Blogging Buyouts).Jim Cramer appeared on CNN's Reliable Sources and sort of admitted he said Bear Stearns was fine. Huffington PostApax Partners Inc. is not interested in Reed Business Information. The IndependentElectronic Arts Inc., which is pursuing Take-Two Interactive Software Inc., is losing CFO Warren Jenson. Reuters- Maria Woehr...
